ITC Holdings Corp. (ITC) - Financial and Strategic SWOT Analysis Review

 Published On: Jul, 2015 |    No of Pages: 45 |  Published By: GlobalData | Format: PDF
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ITC Holdings Corp. (ITC) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.

The profile contains critical company information including:

- Business description – A detailed description of the company’s operations and business divisions.
- Corporate strategy – Analyst’s summarization of the company’s business strategy.
- SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats.
- Company history – Progression of key events associated with the company.
- Major products and services – A list of major products, services and brands of the company.
- Key competitors – A list of key competitors to the company.
- Key employees – A list of the key executives of the company.
- Executive biographies – A brief summary of the executives’ employment history.
- Key operational heads – A list of personnel heading key departments/functions.
- Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company.
- Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
- Interim ratios for the last five interim periods – The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history.

Highlights

ITC Holdings Corp. (ITC) is an independent electric transmission company. The company operates, maintains and invests in transmission infrastructure such as transmission lines, towers and poles. It also conducts transmission system improvement operations through its subsidiaries ITC Grid Development, ITC Great Plains and International Transmission Company. The company transmits electricity from generating stations to local distribution facilities connected to the company's systems through its high-voltage systems in Michigan’s Lower Peninsula and portions of Iowa, Minnesota, Illinois and Missouri. The company distributes electricity across the US. It is headquartered in Michigan, the US.

The company plans to expand its operational presence. To this end, in April 2015, ITC Great Plains, a subsidiary of the company opened a new regional office in Wichita, Kansas.

ITC Holdings Corp. Key Recent Developments

Jul 06, 2015: ITC Announces Matthew Dills as New Vice President of Human Resources
May 25, 2015: ITC Conducting Aerial Patrols of Transmission Lines in East-Central Michigan
Apr 30, 2015: ITC Reports First Quarter 2015 Results
Apr 27, 2015: ITC Conducting Aerial Patrols of Transmission Lines in Western Michigan
Apr 17, 2015: Christine Mason Soneral Promoted to Senior Vice President and General Counsel for ITC Holdings Corp.

Key benefits of buying this profile include:

You get detailed information about the company and its operations to identify potential customers and suppliers.
- The profile analyzes the company’s business structure, operations, major products and services, prospects, locations and subsidiaries, key executives and their biographies and key competitors.

Understand and respond to your competitors’ business structure and strategies, and capitalize on their weaknesses. Stay up to date on the major developments affecting the company.
- The company’s core strengths and weaknesses and areas of development or decline are analyzed and presented in the profile objectively. Recent developments in the company covered in the profile help you track important events.

Equip yourself with information that enables you to sharpen your strategies and transform your operations profitably.
- Opportunities that the company can explore and exploit are sized up and its growth potential assessed in the profile. Competitive and/or technological threats are highlighted.

Scout for potential investments and acquisition targets, with detailed insight into the companies’ strategic, financial and operational performance.
- Financial ratio presented for major public companies in the profile include the revenue trends, profitability, growth, margins and returns, liquidity and leverage, financial position and efficiency ratios.

Gain key insights into the company for academic or business research.
- Key elements such as SWOT analysis, corporate strategy and financial ratios and charts are incorporated in the profile to assist your academic or business research needs.

Note: Some sections may be missing if data is unavailable for the company

Table of Contents

Table of Contents 2
List of Tables 4
List of Figures 5
Section 1 - About the Company 6
ITC Holdings Corp. - Key Facts 6
ITC Holdings Corp. - Key Employees 7
ITC Holdings Corp. - Key Employee Biographies 8
ITC Holdings Corp. - Major Products and Services 10
ITC Holdings Corp. - History 11
ITC Holdings Corp. - Company Statement 13
ITC Holdings Corp. - Locations And Subsidiaries 15
Head Office 15
Other Locations & Subsidiaries 15
Section 2 – Company Analysis 16
ITC Holdings Corp. - Business Description 16
ITC Holdings Corp. - Corporate Strategy 17
ITC Holdings Corp. - SWOT Analysis 18
SWOT Analysis - Overview 18
ITC Holdings Corp. - Strengths 18
Strength - Leading Market Position 18
Strength - Strategic Partnerships 18
Strength - Cost Efficiency 18
ITC Holdings Corp. - Weaknesses 19
Weakness - Working Capital Deficit 19
ITC Holdings Corp. - Opportunities 20
Opportunity - Five-Year Capital Investment Program 20
Opportunity - Growing Demand for Electricity 20
Opportunity - Strategic Initiatives 20
ITC Holdings Corp. - Threats 21
Threat - Transmission and Distribution Losses: the US 21
Threat - Regulatory Framework 21
Threat - Dependence on Primary Customers: MISO Regulated Subsidiaries 21
ITC Holdings Corp. - Key Competitors 22
Section 3 – Company Financial Ratios 23
Financial Ratios - Capital Market Ratios 23
Financial Ratios - Annual Ratios 24
Performance Chart 25
Financial Performance 25
Financial Ratios - Interim Ratios 26
Financial Ratios - Ratio Charts 27
Section 4 – Company’s Recent Developments 28
May 25, 2015: ITC Conducting Aerial Patrols of Transmission Lines in East-Central Michigan 28
Apr 30, 2015: ITC Reports First Quarter 2015 Results 29
Apr 27, 2015: ITC Conducting Aerial Patrols of Transmission Lines in Western Michigan 31
Apr 17, 2015: Christine Mason Soneral Promoted to Senior Vice President and General Counsel for ITC Holdings Corp. 32
Feb 04, 2015: ITC Announces Corporate Reorganization 33
Feb 03, 2015: ITC Declares Dividend to Shareholders 34
Nov 06, 2014: ITC Declares Dividend to Shareholders 35
Oct 30, 2014: ITC Reports Third Quarter and Year-to-Date 2014 Results 36
Oct 13, 2014: Krista Tanner to Join ITC as Vice President, ITC Holdings Corp. and President, ITC Midwest 39
Oct 06, 2014: ITC to Conduct Fall Aerial Patrols of Transmission Lines in Southeastern Michigan 40
Section 5 – Appendix 41
Methodology 41
Ratio Definitions 41
About GlobalData 45
Contact Us 45
Disclaimer 45

List of Tables

ITC Holdings Corp., Key Facts 6
ITC Holdings Corp., Key Employees 7
ITC Holdings Corp., Key Employee Biographies 8
ITC Holdings Corp., Major Products and Services 10
ITC Holdings Corp., History 11
ITC Holdings Corp., Subsidiaries 15
ITC Holdings Corp., Key Competitors 22
ITC Holdings Corp., Ratios based on current share price 23
ITC Holdings Corp., Annual Ratios 24
ITC Holdings Corp., Interim Ratios 26
Currency Codes 41
Capital Market Ratios 41
Equity Ratios 42
Profitability Ratios 42
Cost Ratios 43
Liquidity Ratios 43
Leverage Ratios 44
Efficiency Ratios 44

List of Figures

ITC Holdings Corp., Performance Chart (2010 - 2014) 25
ITC Holdings Corp., Ratio Charts 27


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